Symantec Corp. announced that privately-held Clearwell Systems Inc., is now part of Symantec. The acquisition agreement between Symantec and Clearwell was announced on May19, 2011.
According to Symantec, the acquisition of Clearwell brings together leading archiving, backup and e-discovery offerings to provide customers with a comprehensive information management solution. Organizations will be able to reduce costs and risks while streamlining their e-discovery workflow for litigation, investigations and regulatory compliance. In addition, this acquisition is expected to provide future product integration opportunities with Symantec backup and security, by leveraging Symantec NetBackup, Data Loss Prevention and Data Insight.
"With this acquisition, we will help customers reduce costs across all phases of information management for litigation, investigations and regulatory compliance," said Deepak Mohan, senior vice president, Information Management Group, Symantec. By adding Clearwell's e-discovery solution to Symantec's information management portfolio, Mohan adds, Symantec further increases its ability "to get the right information, to the right people, at the right time."
With the acquisition completed, Clearwell joins the Information Management Group led by Mohan. For more information on how Clearwell and Symantec's information management portfolio please visit www.symantec.com/clearwell.